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Jack Dorsey Employs Crypto, Privacy Veteran to Build Decentralized Social Media

To establish a decentralized social media network called Bluesky, CEO Jack Dorsey employs bitcoin engineer and privacy expert Jay Graber.

Jay Graber

Graber, who worked on the ZCash (CRYPTO: ZEC) project, revealed the news on Twitter on Monday.

Jay Graber took it to Twitter and wrote:

I’m excited to announce that I’ll be leading @bluesky, an initiative started by @Twitter to decentralize social media. Follow updates on Twitter and at https://t.co/Sg4MxK1zwl

On its website, Bluesky claims they are “focusing on re-building the social web by connecting disconnected silos and returning control of the social experience to users.”

Therefore, A Step Towards Decentralizing Twitter

Dorsey termed Graber’s appointment as “another step towards decentralizing Twitter and social media.”

As the CEO tweeted, “Now we can move much faster, and through code.”

As of Monday’s regular session, Twitter shares were down 1.6% at $63.78 a share.

One can access the postings on Twitter through various interfaces if Bluesky becomes a reality and Twitter adopts it.

It will harm moderation since a removed post from one social media network could be available on another with a different set of moderation rules.

Dorsey and Crypto

In addition to being a proponent of Bitcoin (CRYPTO: BTC) and decentralization, Dorsey is also the CEO of Square Inc.

The entrepreneur recently criticized competitor cryptocurrency Ethereum (CRYPTO: ETH) and other currencies for their fundamental ideas, security, and centralization, according to a report from Bloomberg.

Yet, Dorsey has defended Twitter’s censorship and moderation procedures before, well before Congress.

Reacting to concerns surrounding political content and its censorship in October last year, Dorsey spoke that “​people have the choice of other communication channels.”

“We have policies that are focusing on making sure that more voices on the platform are possible.”

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